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1.61%

15.3¢ galan lithium limited

Agree and nicely put! Just to clarify: I’m not suggesting there...

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adowling

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21/03/24

23:36

Post #: 73004242
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Originally posted by horizon3: ↑

Just a word of caution: If management were to purchase shares knowing that good news is forthcoming (e.g. GLEN finance), wouldn't that constitute illegal insider trading? The most plausible explanation to me is this: Management perceives the project as their own baby and is committed to supporting it indefinitely (precisely what JP mentioned at the last conference!). They believe in the long-term ROI (even if short-term pain). However, simultaneously, they lack any further updates, whether positive or negative. It is conceivable that securing financing is challenging and more dilutive CRs might be on the horizon. Therefore, they also wish to convey to the market their confidence in the long-term narrative (even if there is significant short-term adversity and angry investors). The good news would be, even with short-term pain the long-term ROI might be still outstanding, is their signal here (hence my buy recommendation).

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Agree and nicely put! Just to clarify: I’m not suggesting there would be anything dodgy going on. However IMO there’s nothing like a room full of worn out shareholders to focus the minds of board members!

GLN Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.3¢		Change -0.003(1.61%)		Mkt cap ! $74.56M

Open	High	Low	Value	Volume
15.5¢	15.5¢	15.0¢	$93.50K	608.5K

Buyers (Bids)

No.	Vol.	Price($)
47	1285429	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	259342	22

View Market Depth

No.	Vol.	Price($)
47	1285429	0.150
19	524944	0.145
24	629660	0.140
11	553892	0.135
9	477600	0.130

Price($)	Vol.	No.
0.155	259342	22
0.160	211436	11
0.165	218500	8
0.170	1054500	4
0.175	69000	2

Last trade - 14.33pm 23/07/2024 (20 minute delay)

GLN (ASX) Chart

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